Plan Ledger DOL Form 5500 · updated monthly

Premier Family Medical, LLC401(k)

PREMIER FAMILY MEDICAL, LLC 401(K) RETIREMENT PLAN · LINDON, UT · plan year 2023

Reported admin expense ratio · 2023
0.26%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Premier Family Medical, LLC reported $43,177 in plan administrative expenses for 2023: 0.26% of average plan assets, below the peer median. Employer contributions averaged $1,811 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.27% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 323rd-largest of 848 plans among Utah employers on file, and the 3,941st of 11,911 in health care & social assistance. In 2023, employees put in $1.74 for every $1.00 the employer contributed; active participation has grown from 243 to 279 since 2022.

Plan summary
Net assets, end of year$18,208,726
Participants with balances159
Active participants279
Employer contributions$505,297
Employee contributions$878,384
Employer contribution per active participant$1,811
Average account balance$114,520
Benefits paid to participants$206,782
Plan auditUnmodified (clean) audit opinion
AuditorCOOK MARTIN POULSON, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$1.2M
2023$18.2M · 159 accts · $505K emplr
2022$14.6M · 157 accts · $453K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$15,768
Investment management$27,409
Total administrative$43,177
The Premier Family Medical, LLC 401(k) match · 2023
Employer contribution per active participant$1,811
Median for plans this size$2,440
2023$1,811 per active participant
2022$1,864 per active participant

Premier Family Medical, LLC's 2023 employer contribution ran below the $2,440 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
RETIREMENT PLAN CONSULTANTS, LLC · Plan administrator · Recordkeeping$10,220
DRIVE WEALTH MANAGEMENT, LLC · Investment advisory (participants) · Investment advisory (plan)$20,557
WEALTH MANAGEMENT, LLC · Investment advisory (plan)$6,852

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$13,560 · 0.14%
2023$43,177 · 0.26%
2022$42,657 · 0.27%
Same employer
Similar plansHealth Care & Social Assistance · Utah
Donorconnect UT$15.0M · 0.48%
Gold Cross Services Inc. UT$15.0M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462252776 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.